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Just curious......... what % interest do you pay on your mortgage?

 
Anonymous Coward
User ID: 10489156
Australia
02/10/2012 03:04 AM
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Just curious......... what % interest do you pay on your mortgage?
For those of you who are paying off a home what is your mortgage interest rate like? Just wanting to get some kind of comparison of Aussie interest rates to those elsewhere.
Anonymous Coward
User ID: 971665
United States
02/10/2012 03:05 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
For those of you who are paying off a home what is your mortgage interest rate like? Just wanting to get some kind of comparison of Aussie interest rates to those elsewhere.
 Quoting: Anonymous Coward 10489156


6.375

It sucks.
Anonymous Coward
User ID: 10686960
Australia
02/13/2012 01:04 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
For those of you who are paying off a home what is your mortgage interest rate like? Just wanting to get some kind of comparison of Aussie interest rates to those elsewhere.
 Quoting: Anonymous Coward 10489156


6.375

It sucks.
 Quoting: Anonymous Coward 971665


Hmmmmmm starting to think you and I are the only ones on here paying off a home. I don't even know how much mine is at the moment as the bank has changed it so often lately I just can't keep up. The last statement it was at 6.9% after some cuts but I think it's been reduced then raised again since then.

Aussies tend to think we have higher interest rates than other countries & that's why I was asking.
Pangn

User ID: 3243601
United States
02/13/2012 01:06 AM

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Re: Just curious......... what % interest do you pay on your mortgage?
fixed 5.75%
DasDoomAss

User ID: 10675436
United States
02/13/2012 01:07 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
4.325, 15 year fixed
Dig deeper for the end is nigh.

On second thought, fuck digging, just find a sink hole!!!
Anonymous Coward
User ID: 9847080
Australia
02/13/2012 01:09 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
How much do you owe?
Anonymous Coward
User ID: 1493908
United States
02/13/2012 01:12 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
4.35 fixed 20 yrs
Anonymous Coward
User ID: 10686960
Australia
02/13/2012 01:15 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
How much do you owe?
 Quoting: Anonymous Coward 9847080


Too much.
Anonymous Coward
User ID: 10611064
United States
02/13/2012 01:15 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
3
Anonymous Coward
User ID: 10611064
United States
02/13/2012 01:15 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
3
 Quoting: Anonymous Coward 10611064


my bad 2.5
Anonymous Coward
User ID: 10686960
Australia
02/13/2012 01:30 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
4.35 fixed 20 yrs
 Quoting: Anonymous Coward 1493908


Wow. We can't even fix ours for longer than 15 years in this country as no bank offers it. To get a fixed 15 year rate here you would pay almost 1.5 percent more than the current variable rate so people here don't tend to do it. Interest rates went to as high as 19% a couple of decades ago. We also can't get long term leases like people in some countries get. It's usually a year or two and so many of my friends have been turfed out after a year in a new rental as the landlord has sold it & the new owners want to move in.
Helkuit

User ID: 9698739
New Zealand
02/13/2012 01:42 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
5.74% floating, $130k
Anonymous Coward
User ID: 10686960
Australia
02/13/2012 01:46 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
There is talk of Japanese banks wanting to get a piece of the Australian mortgage market by offering low rate home loans. They will get a huge amount of business if they do come here as everyone is sick of the banks retrenching staff & moving jobs offshore.
Anonymous Coward
User ID: 10117829
United States
02/13/2012 02:04 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
4%, 30 year fixed
Anonymous Coward
User ID: 10688541
United States
02/13/2012 02:07 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
conventional, fixed, 5.5%, 30 year
JadeDone

User ID: 2546215
United States
02/13/2012 02:08 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
5.5% 30 year fixed, FHA. $152k originally
Anonymous Coward
User ID: 10309673
United States
02/13/2012 02:11 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
0%. I purchased my house with cash.

Why buy something with a loan and pay interest?

Same goes for our cars.

If you can afford the house payment,save the money and just buy one outright that you can afford.

Or....live forever in debt.

Simple choice really.
Anonymous Coward
User ID: 1172717
United States
02/13/2012 02:19 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
Fixed 7.85% for 30 years
Anonymous Coward
User ID: 10686126
South Africa
02/13/2012 02:24 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
4.35 fixed 20 yrs
 Quoting: Anonymous Coward 1493908


Wow. We can't even fix ours for longer than 15 years in this country as no bank offers it. To get a fixed 15 year rate here you would pay almost 1.5 percent more than the current variable rate so people here don't tend to do it. Interest rates went to as high as 19% a couple of decades ago. We also can't get long term leases like people in some countries get. It's usually a year or two and so many of my friends have been turfed out after a year in a new rental as the landlord has sold it & the new owners want to move in.
 Quoting: Anonymous Coward 10686960


11% and the longest we can fix it is for 2 years.
Anonymous Coward
User ID: 8680975
United States
02/13/2012 02:37 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
0%. I purchased my house with cash.

Why buy something with a loan and pay interest?

Same goes for our cars.

If you can afford the house payment,save the money and just buy one outright that you can afford.

Or....live forever in debt.

Simple choice really.
 Quoting: Anonymous Coward 10309673


ahhh aint that nice,just get a sugar daddy and dont worry bout it.
ladulce

User ID: 8023556
United States
02/13/2012 02:41 AM

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Re: Just curious......... what % interest do you pay on your mortgage?
5% fixed, 30 years.
Anonymous Coward
User ID: 8680975
United States
02/13/2012 03:18 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
0%. I purchased my house with cash.

Why buy something with a loan and pay interest?

Same goes for our cars.

If you can afford the house payment,save the money and just buy one outright that you can afford.

Or....live forever in debt.

Simple choice really.
 Quoting: Anonymous Coward 10309673


one question where do we live for free to save that house payment each month.most of us have to pay rent or lease or whatever.not like we can save a house payment and make a rent payment to.well unless we can live in mommy's basement till we are 40 rent free.
its easy to pay cash if you have money or no expenses.
Anonymous Coward
User ID: 4986694
United States
02/13/2012 03:24 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
5.5 30 yr fixed va
Anonymous Coward
User ID: 1523916
United States
02/13/2012 03:31 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
Locked in at 7% for the next 23 years. iamwith
Monbazillac

User ID: 8958455
France
02/13/2012 03:34 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
you know what's creepy with the word "mortgage", in french "mort" means dead/death...

everytime i see this word here, i'm just like wtf pennywise
Anonymous Coward
User ID: 1039707
United States
02/13/2012 03:39 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
you know what's creepy with the word "mortgage", in french "mort" means dead/death...

everytime i see this word here, i'm just like wtf pennywise
 Quoting: Monbazillac


You're right: "Mortgage" = death bond/agreement ...
Monbazillac

User ID: 8958455
France
02/13/2012 03:42 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
you know what's creepy with the word "mortgage", in french "mort" means dead/death...

everytime i see this word here, i'm just like wtf pennywise
 Quoting: Monbazillac


You're right: "Mortgage" = death bond/agreement ...
 Quoting: Anonymous Coward 1039707


amirite hey hiding
Anonymous Coward
User ID: 10309673
United States
02/13/2012 04:02 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
0%. I purchased my house with cash.

Why buy something with a loan and pay interest?

Same goes for our cars.

If you can afford the house payment,save the money and just buy one outright that you can afford.

Or....live forever in debt.

Simple choice really.
 Quoting: Anonymous Coward 10309673


one question where do we live for free to save that house payment each month.most of us have to pay rent or lease or whatever.not like we can save a house payment and make a rent payment to.well unless we can live in mommy's basement till we are 40 rent free.
its easy to pay cash if you have money or no expenses.
 Quoting: Anonymous Coward 8680975


Live below your means.You can afford $1000.00 a month in rent,then find a place for $500.00.Of course by design this is getting much harder to do.Rents will only go up as less and less people can even qualify to get a mortgage loan.

It took my wife and I 5 years to save enough to buy our house.Saving 100% of her income,and as much as mine as possible.It was tough,but I do not regret it at all now.Solo it would have been even harder and taken longer for sure.It can be done though.

We are not and where not rich.Hell we probably do not even fall into the middle class(Last year we made 52k combined).But because we have 0 debt we live a pretty care free life at this point.
Anonymous Coward
User ID: 8585875
Australia
02/13/2012 05:11 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
0%. I purchased my house with cash.

Why buy something with a loan and pay interest?

Same goes for our cars.

If you can afford the house payment,save the money and just buy one outright that you can afford.

Or....live forever in debt.

Simple choice really.
 Quoting: Anonymous Coward 10309673


one question where do we live for free to save that house payment each month.most of us have to pay rent or lease or whatever.not like we can save a house payment and make a rent payment to.well unless we can live in mommy's basement till we are 40 rent free.
its easy to pay cash if you have money or no expenses.
 Quoting: Anonymous Coward 8680975


Live below your means.You can afford $1000.00 a month in rent,then find a place for $500.00.Of course by design this is getting much harder to do.Rents will only go up as less and less people can even qualify to get a mortgage loan.

It took my wife and I 5 years to save enough to buy our house.Saving 100% of her income,and as much as mine as possible.It was tough,but I do not regret it at all now.Solo it would have been even harder and taken longer for sure.It can be done though.

We are not and where not rich.Hell we probably do not even fall into the middle class(Last year we made 52k combined).But because we have 0 debt we live a pretty care free life at this point.
 Quoting: Anonymous Coward 10309673


Your housing must be cheaper than ours. To buy even a small, basic house on the outskirts of any city here you would need to save 60K per year which is more than your combined income. Add another 15K per year for rent & thousand upon thousand for food, utilities etc etc & you get the picture.
Anonymous Coward
User ID: 10765381
Australia
02/14/2012 04:37 AM
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Re: Just curious......... what % interest do you pay on your mortgage?
My above post is clearly true. It was in the media today that the city I live in is 50% more expensive to live in than New York. A decade ago it was around 25% less expensive to live here than New York.
Pangn

User ID: 3243601
United States
02/19/2012 04:56 PM

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Re: Just curious......... what % interest do you pay on your mortgage?
4.35 fixed 20 yrs
 Quoting: Anonymous Coward 1493908


Wow. We can't even fix ours for longer than 15 years in this country as no bank offers it. To get a fixed 15 year rate here you would pay almost 1.5 percent more than the current variable rate so people here don't tend to do it. Interest rates went to as high as 19% a couple of decades ago. We also can't get long term leases like people in some countries get. It's usually a year or two and so many of my friends have been turfed out after a year in a new rental as the landlord has sold it & the new owners want to move in.
 Quoting: Anonymous Coward 10686960


That's nuts. Ours is 30 years fixed at 5.75%

As for the person who says to only buy what you can afford.. that is a great strategy for cars and regular items

but a home.. lol my only options were pay in rent what I do in a mortgage, or pay the mortgage.

At least with one I end up with something

It would likely take the same amount of time for me to come up with the cash to pay for one coupled with rent.

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